Han Kun Advises PingCAP on its USD 270 Million Series D Financing
November, 2020 - Beijing, Mainland China
PingCAP, the enterprise-grade open-source distributed database provider, announced its Series D financing with a financing amount of USD 270 million, establishing a new milestone in the history of databases on a global scale. This round of financing was jointly led by GGV Capital, Access Technology Ventures, Anatole Investment, Jeneration Capital and 5Y Capital. Bertelsmann Asia Investment Fund (BAI), Coatue, FutureX Capital, Kunlun, and Trustbridge Partners, and existing investors Matrix Partners China and Yunqi Partners also participated in this round.
Han Kun, acting as lead and sole PRC legal counsel to PingCAP, participated in all aspects of the transaction, including drafting and revising onshore and offshore transaction documents, providing legal analysis and advice for transaction-related issues, and assisting PingCAP in closing the transaction.
